Loans Against Hyundai Vehicles
Pawn My Car offers trusted loans against Hyundai vehicles, including cars, SUVs and bakkies, in South Africa.
How to get a loan against a Hyundai
Getting a loan against a Hyundai is quick, easy and confidential. The first step is to call the Pawn My Car call centre and tell us about the vehicle – the model, mileage, age and condition.
The relevant information can also be submitted via an online application form.
An initial no-obligation offer of a loan is made on the spot. If the available funding meets expectations, the Hyundai sedan, SUV or bakkie is physically appraised at a Pawn My Car branch.
At that point, the loan amount is confirmed and the repayment terms agreed to. A legally binding contract is drawn up and signed by both parties.
The documents required to support the loan are submitted – the original vehicle registration papers, a copy of the applicant’s ID and proof of residence. In order for the loan to be approved, the applicant must be the registered owner of the car.
The Hyundai is handed over and safely stored in a high security lock-up facility. Funds are electronically transferred into the client’s bank account.
Once the loan has been cleared, the vehicle is available for collection.
When it makes sense to pawn a Hyundai
When unforeseen circumstances arise and there aren’t sufficient funds to cover costs, pawning an asset like a Hyundai vehicle is a viable solution.
It’s a hassle-free way of raising capital to pay for emergency roof repairs, vet bills, replacement spectacles or a limited time-only low-cost holiday deal.
Using the vehicle to secure a loan liquidates a percentage of its value. It allows debts to be cleared while having no impact on the ownership of the car.
The pawn process is wrapped up in less than 24 hours.
Anyone who owns a fully paid-up Hyundai vehicle can apply, regardless of credit rating or indebtedness.
Benefits of pawning a Hyundai with Pawn My Car
The many benefits include:
- no credit checks
- no hidden fees or early repayment penalties
- discreet and confidential
- quick access to funds
- flexible repayment terms
- competitive interest rates
- limited paperwork
- reliable and accredited finance provider.
Hyundai’s popularity in South Africa
Hyundai is one of the most desirable automotive brands in South Africa. Recent sales figures speak for themselves.
According to the mid-2022 list of the best-selling car brands in South Africa, Hyundai is ranked number four.
Where to get loans against Hyundai vehicles
Pawn My Car is a registered finance provider, specialising in short-term vehicle-backed loans.
We accept Hyundai cars, SUVs and bakkies as collateral, along with all types of unencumbered vehicles, including trucks, boats and motorbikes.
Pawn My Car branches are conveniently located. We process applications on the same day and loans are based on fair market value.
Our branches: contact details
Pawn My Car has branches in key South African cities. Our consultants are available during office hours to set up vehicle appraisal appointments and process loans against cars quickly and efficiently.
Where to get a loan against a Hyundai in Cape Town |
Pawn My Car Cape Town: 021 419 1113 |
Where to get a loan against a Hyundai in Johannesburg |
Pawn My Car Sandton: 011 440 0052 |
Where to get a loan against a Hyundai in Durban |
Pawn My Car Durban: 031 305 7202 |
Where to get a loan against a Hyundai in Gqeberha (Port Elizabeth) |
Pawn My Car Port Elizabeth: 041 368 9590 |
With Pawn My Car, you can secure a loan against a Hyundai vehicle or another vehicle, with no delays or laborious paperwork. For more information, contact us on 0861 112 866 or simply complete and submit our online application form.
APR & Loan period
Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.
Renewals
All accounts may be renewed if they are up to date.
Collection
All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.
Non-payment
Non-payments may result in the matters being escalated.
Illustrative example
Client borrows R10,000 for 90 days.
Loan
Amount
Repayment Period
Monthly Repayment
Total Cost of Loan
Initiation
Fee
Monthly Fee
(Interest + Service Charge)
APR
Loan Amount
R10,000
Repayment Period
3 months
Monthly Repayment
R560
Total Cost of Loan
R12,370
Initiation Fee
R1,000
Monthly Fee (Interest + Service Charge)
R650
APR
60%